Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Changes in Allowance for Doubtful Accounts
Changes in the allowance for doubtful accounts are as follows:
 
Nine Months Ended September 30,
 
2018

2017
Allowance for doubtful accounts, beginning of period
$
3,315

 
$
7,836

Charges to costs and expenses
483

 
68

Account write-offs and other
(361
)
 
(4,088
)
Allowance for doubtful accounts, end of period
$
3,437

 
$
3,816

Estimated Useful Lives of Property and Equipment
Depreciation and amortization of property and equipment are computed on a straight-line basis over the following estimated useful lives:
Asset Classification
 
Estimated Useful Life
Furniture and office equipment
 
Five years
Computer equipment and software costs
 
Three to five years
Leasehold improvements
 
Lesser of term of lease or five years
Automobiles
 
Five years
Land
 
Unlimited
Included in energy assets are capital lease assets and accumulated depreciation of capital lease assets.
Schedule of Sale Leaseback Transactions
A summary of amounts related to sale leasebacks in the Company’s consolidated balance sheets is as follows:
 
September 30,
 
December 31,
 
2018
 
2017
Capital lease assets, net
$
38,782

 
$
36,676

Deferred loss, short-term, net
115

 
118

Deferred loss, long-term, net
1,946

 
2,054

Total deferred loss
$
2,061

 
$
2,172

Capital lease liabilities, short-term
4,838

 
4,157

Capital lease liabilities, long-term
31,897

 
30,712

Total capital lease liabilities
$
36,735

 
$
34,869

Deferred gain, short-term, net
344

 
338

Deferred gain, long-term, net
5,935

 
5,835

Total deferred gain
$
6,279

 
$
6,173

See below for a summary of solar PV project sales in prior year under our sale-leaseback agreements under this facility:

Quarter Ended
 
# Solar PV Projects Sold (actual #’s)_
 
Sale Price
 
Deferred Gain Recorded
 
Deferred Loss Recorded
 
Capital Lease Asset/Liability Recorded
 
Initial Lease Term (years)
 
Minimum Lease Payment
 
Maximum Lease Payment
September 30, 2018
 
2
 
$
5,145

 
$
611

 
$

 
$
2,591

 
20
 
$
1

 
$
738

September 30, 2017
 
3
 
$
9,157

 
$
642

 
$

 
$
4,114

 
20
 
$
13

 
$
231

Schedule of Earnings Per Share, Basic and Diluted
When the effects are not anti-dilutive, diluted earnings per share is calculated using the weighted-average outstanding common shares; the dilutive effect of convertible preferred stock, under the “if converted” method; and the treasury stock method with regard to warrants and stock options; all as determined under the treasury stock method.
 
Three Months Ended September 30,
 
 
Nine Months Ended September 30,
 
2018
 
2017
 
 
2018
 
2017
Net income attributable to common shareholders
$
10,701

 
$
8,493

 
 
$
26,391

 
$
13,680

Basic weighted-average shares outstanding
45,854

 
45,524

 
 
45,599

 
45,500

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock options
1,090

 
247

 
 
910

 
164

Diluted weighted-average shares outstanding
46,944

 
45,771

 
 
46,509

 
45,664